Sulzer completes delisting of Indian unit

Sulzer today said it has completed the delisting of its Indian subsidiary Sulzer India Ltd from the Bombay Stock Exchange BSE.

Prior to the delisting,Sulzer8217;s stake had been increased to over 90 per cent of all outstanding shares through a public offer,the company said in a release.

With the delisting of the India subsidiary,Sulzer is implementing its strategy of full ownership of main subsidiaries,underlining its strong focus on emerging markets,it said.

Sulzer is present in India with sales and service locations as well as three manufacturing facilities.